When referring to bonds, expected rate of return and yield to maturity are often used interchangeably
Indicate whether this statement is true or false.
Answer: TRUE
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Alex Corporation acquires securities classified as marketable securities for $10,000 . The entry is as follows:
a. Cash...................................................................10,000 Marketable Securities.................................................10,000 b. Marketable Securities........................................10,000 Bonds Payable........................................................10,000 c. Marketable Securities........................................10,000 Common Stock.......................................................10,000 d. Marketable Securities........................................10,000 Cash........................................................................10,000 e. Bonds Payable...................................................10,000 Marketable Securities................................................10,000
A company spends $25,000 a year for inspecting, $20,000 for purchasing, and $30,000 for reworking products. A good estimate of nonvalue-added costs would be:
A) $55,000 B) $45,000 C) $50,000 D) $60,000 E) $75,000
A ________ probability is the probability of a single event occurring
A) subjective B) binomial C) marginal D) joint
Hope, Inc. has a standard variable overhead rate of $4 per machine hour, with each completed unit expected to take three machine hours to produce. A review of the company's accounting records found the following:Actual variable overhead: $210,000Variable-overhead efficiency variance: $18,000UVariable-overhead spending variance: $30,000FHow many units did Hope actually produce during the period?
A. 21,500. B. 16,500. C. 18,500. D. 13,500. E. None of the answers is correct.